US crude oil short-term trading suggestion: high-level consolidation, buy on dips, sell on rallies
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(1)Analysis rationale: The ongoing tensions in the Middle East continue to support oil prices, but the market is gradually becoming desensitized to geopolitical risks, leading to a marginal decline in risk premiums. The significant increase in US API inventories indicates a short-term supply-demand surplus, weakening the rationale for price increases. Meanwhile, oil prices remain in a high range, technical momentum is slowing, and there is short-term pressure for a pullback. Overall, the market is more inclined towards high-level fluctuations; caution is advised against a rapid drop in oil prices if geopolitical tensions ease. (2)Key focus: Geopolitical situation, inventory data, US Dollar Index (3)Resistance: 96.00, 98.00, 100.00 (4)Support: 94.00, 92.00, 90.00
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